经过艰难的一年，以太坊准备爆炸

到目前为止，以太坊经历了艰难的一年。在上周，硬币一直在失去立场，使一般的负面趋势更加复杂

The year 2024 has begun slowly for crypto traders, with most tokens, including Bitcoin and Ethereum, gradually losing value over the last week. This continues a general negative trend since December, when most digital assets reached their recent highs.

2024年开始为加密货币交易员慢慢开始，其中包括比特币和以太坊在内的大多数令牌在上周逐渐失去价值。自12月以来，大多数数字资产都达到了他们最近的高点以来，这持续了一般的负面趋势。

However, the latest technical indicators suggest that Ethereum (ETH) is at an important crossroads, with signs of significant upside.

但是，最新的技术指标表明，以太坊（ETH）处于重要的十字路口，并带有明显的上行迹象。

On Wednesday, February 26, ETH traded at $2,426, quite below its recent $4,000 high in December. Like the rest of the crypto market, Ethereum has been trending down slowly.

2月26日，星期三，ETH的交易价格为2,426美元，远低于其最近12月的4,000美元高价。像加密市场的其余部分一样，以太坊一直在缓慢下降。

Still, over the past week, the token has repeatedly defended the $2,400 price point, which indicates strong support at that level. At the same time, there are signs that a significant reversal could be coming.

尽管如此，在过去的一周中，令牌一再捍卫了2,400美元的价格点，这表明在该水平上有很大的支持。同时，有迹象表明可能会发生重大的逆转。

For one, ETH is approaching a bullish segment of its four-year cycle. Both in 2017 and 2021, the coin peaked significantly, reaching its all-time high (ATH), which took four years to surpass. At the same time, the Stochastic RSI indicator mirrored these trends and is currently oversold.

首先，ETH正在接近其四年周期的看涨部分。在2017年和2021年，硬币都达到了巨大的峰值，达到了历史最高（ATH），这花费了四年的时间。同时，随机RSI指标反映了这些趋势，目前已超卖。

If these trends hold, Ethereum is set for a sharp move up, surpassing its November 2021 ATH of $4,891. The token could go even higher, thanks to the potential for a short squeeze. Notably, if Ethereum reaches $3,000, over $2 billion in short positions would face liquidations, pushing the token even higher.

如果这些趋势成立，以太坊将急剧上升，超过其2021年11月的ATH，$ 4,891。由于短暂挤压的潜力，令牌可能会更高。值得注意的是，如果以太坊达到3,000美元，则超过20亿美元的短职位将面临清算，将令牌提高到更高。

Ethereum’s growing acceptance among major financial institutions is the fundamental case for a sharp rise. So far, Bitcoin and Ethereum are the only cryptos with significant institutional involvement. Notably, the Grayscale Ethereum Trust ETF manages $3.217 billion in Ethereum for institutions.

以太坊在主要金融机构中的接受程度日益增长是急剧上升的基本案例。到目前为止，比特币和以太坊是唯一具有重要机构参与的加密货币。值得注意的是，灰度以太坊信托ETF为机构管理以太坊的32.17亿美元。

One of these investors is Michigan’s state pension fund, which invested over $10 million in ETH. Still, Ethereum’s institutional backers also introduce new risks, such as exposure to global market volatility. For this reason, reactions to potential trade wars and interest rate policy can lead to rapid sell-offs.

这些投资者之一是密歇根州的国家养老基金，该基金向ETH投资了超过1000万美元。尽管如此，以太坊的机构支持者还是引入了新的风险，例如暴露于全球市场的波动。因此，对潜在贸易战和利率政策的反应可能导致迅速抛售。

Currently, the breakeven point for large ETH holders is at $2,199, which signals strong support. However, if the price falls below that level, this could trigger significant liquidations, causing Ethereum to fall to its next support at $1,800.

目前，大型ETH持有人的收支平衡点为2,199美元，这标志着强烈的支持。但是，如果价格低于该水平，这可能会引发大量清算，从而导致以太坊以1,800美元的价格跌至其下一个支持。